You Don’t have to Reaffirm your Mortgage

Every so often I get a call from a past client who tells me that they cannot refinance their home because they did not reaffirm their mortgage. This is untrue. You can refinance your home without reaffirming.

It’s helpful to know that nearly all attorneys will not endorse a mortgage reaffirmation, nor are judges likely to approve them. Why? Because it’s not necessary and could possibly expose you to liability that was otherwise discharged in your bankruptcy. You still own the home after filing a bankruptcy and the mortgage lender still has a lien on your home. Reaffirming the promissory note serves no purpose.

So find a broker who can submit your application to multiple lenders for the best deal.